Prepaid Expenses and Other Current Assets

12 Months Ended

Jun. 30, 2025

Prepaid Expenses and Other Current Assets [Abstract]

Prepaid expenses and other current assets

Note 8 — Prepaid expenses and other current assets

As of June 30, 2025 and 2024, prepaid expenses and other current assets consist of the following:

	June 30, 2025			June 30, 2024
Other receivables, net (1)	$	177,814		$	10,881
Prepaid rent		355,677			-
Prepaid research and development fees		198,328			-
Prepaid insurance		153,659			-
Prepaid professional fee		96,839			-
Prepayment to be refunded, net (2)		1,116,116			-
Advances to a third party		19,500			-
Other prepaid expenses		37,161			33,235
Less: allowance for credit losses		(317,282	)		-
Total prepaid expenses and other current assets	$	1,837,812		$	44,116

⁽¹⁾ This represents receivables from payments made on behalf of a vendor and other fee and freight claim receivables. $48,317 allowance for credit losses was recorded for the balances due to aging of the receivables.

⁽²⁾ This represents prepayment to be refunded resulting from the cancellation of purchase orders. $268,965 allowance for credit losses was recorded for the balances due to aging of the prepayments.

For the years ended June 30, 2025 and 2024, the Company recognized $317,282 and $0 on provision for allowance on credit losses, respectively.

Movement of allowance for credit losses consisted of the following as of the date indicated:

	June 30,		June 30,
	2025		2024
Balance as of the beginning of the year	$	-	$	-
Addition		317,282		-
Ending balance	$	317,282	$	-